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The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.

There will still be local oversight. Incentives to maintain registered offices will include listing in an online lender search tool and access to certain data.

The integration of Rocket's AI-backed tool on Apple's newest product, Apple Vision Pro, is the second tie-in with the tech giant in the last three months.

Fannie Mae also will be making a four-figure adjustment available next month and Freddie Mac is contemplating expanding its program to a new income tier.

A clash over pay playing out in contract negotiations between the Consumer Financial Protection Bureau and its employee union occur as the Supreme Court is considering whether the agency must get its funding from Congress.

The annual reconciliation shows nonbank cuts were deeper than the initial read suggested, and comes as the latest numbers for broader employment show a surge.

With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.

A key Senator had urged Fed Chairman Jerome Powell to lower rates early this year, but although there's more consensus on making such a move, it now looks unlikely to happen until after the next meeting.

Aspiring buyers took out fewer loans last week, leading to the overall decline, but the average purchase-loan size also surged to its highest mark since last spring, the Mortgage Bankers Association said.

The megabank failed to adequately protect and reimburse customers who were victims of wire-transfer fraud, according to a lawsuit by the New York Attorney General. Citi said that it follows all relevant laws and regulations.

In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve transparency for both homeowners associations and lenders. 

Workers are eligible for the one-time cash grants if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000. The payments come amid a unionization push at the San Francisco-based megabank.

Banks and Congressmen alike see U.S. regulators' version of Basel III as overly stringent for the securitization market.

Home buying demand propelled overall volumes to a third straight weekly gain, as refinances fell, the Mortgage Bankers Association said.

The Salt Lake City bank says that it doesn't expect major losses, even though its problem loans grew at the end of 2023.

Slightly more than one-fourth of borrowers with it experienced pandemic-related challenges, the Mortgage Bankers Association found.

The prepayment metric on the single-family issuer operational performance profile had been displaying outdated information.

Bidding wars are also coming back into play in several markets across the country, with the Northeast, in particular, seeing increased activity, according to Redfin.

Lending activity among builders surged over 22% annually in December, but the growing share of FHA-backed borrowing in the segment took a step back for the first time in four months, the Mortgage Bankers Association said.

The financial services executive also previously served in leadership at Morgan Stanley and Carver Federal Savings Bank.